Over the next 18 months, 2000 Disney employees will be relocating from Southern California to our very own Lake Nona. Most of the employees making the move work in the Disney Parks, Experiences, and Products division, which already has a significant workforce in Orlando.
Almost 30% of Disney’s total employees (that’s worldwide) are in Florida. This move will further consolidate operations, and the company believes it will also encourage staff collaboration and creativity.
This is exciting news as we get to welcome so many newcomers to our vibrant community, yet it won’t happen without impacting homeowners – both buyers and sellers – in the Orlando area!
The last year has been a tough one for everyone. Along with countless other businesses, parks, and gathering spaces, Disney theme parks were shut down, and they have only begun reopening in the last few months. However, in the country’s economic recovery from COVID-19, Florida businesses have seen an earlier reopening than many other states. This business-friendly climate has been reported as a contributing factor to Disney’s California employee move.
Disney also has some big plans for the future. Capacity at the company’s different theme parks is increasing, and October will bring Walt Disney World’s 50th Anniversary. Earlier this month, the parks resumed their nightly fireworks shows. The relocated staff at Disney’s Lake Nona campus will surely have plenty to do!
An impact on Lake Nona’s housing market is inevitable, with 2000 individuals and families heading to our Central Florida community. In an already hot market, this move means even more people will be looking to buy a house in Lake Nona.
However, with an average salary of $120,000, these home buyers will likely be looking for homes at higher-than-average price points. The transition from California – where housing values are very high – will also translate to more buying power here, where homes cost less than they do in Southern California.
So, what does this mean for Orlando locals? An influx of additional buyers means that an already tight housing market is about to become tighter. If you are considering (or even dreaming of) buying a home, it’s time to jump on the search now. Maybe you’ve been waiting and hoping for prices to go down. However, in a situation like this, that’s not happening any time soon.
In this environment, you don’t want to waste your time with just any Lake Nona realtor. To find your dream home, in the perfect location, at a price that works for you, you need the services of professionals like those at JP Capital Realty.
And, of course, it continues to be a great time for anyone who wants to sell their home. The best Orlando realtors will help you prepare your home and list it at the right time so that you get all that you deserve from the sale.
If you’re ready to buy or sell a home, call JP at 407-962-6888. We can’t wait to work with you!